MarketAxess Holdings, Inc. Financial Ratios — MWI Stock

Profitability (USD)

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Return on Common Equity (%)	17.44	21.64	27.49	23.21	26.5	29.39	30.14	30.79	29.74	34.71	25.84	23.58	21.74	20.45	19.46
Return on Assets (%)	14.7	19.09	23.99	20.39	23.45	26.09	26.7	27.08	24.83	26.19	18.02	15.95	14.25	14.41	13.24
Return on Capital (%)	17.44	21.64	27.49	23.21	26.5	29.39	30.14	30.79	27.77	31.33	23.74	21.87	20.47	19.44	17.03
Return on Invested Capital (%)	18.12	22.3	24.63	22.86	26.12	28.74	29.21	29.25	26.47	30.33	23.03	20.48	19	18.23	15.56
Gross Margin (%)	63.31	64.79	66.3	64.73	65.99	67.38	67.42	67.69	66.91	69.23	67.17	64.82	61.9	60.11	59.42
EBITDA Margin (%)	51.33	51.14	50.4	51.72	54.91	56.52	55.64	54.11	55.45	60.59	56.87	54.86	52.01	51.56	50.35
Operating Margin (%)	47.39	46.83	44.94	45.11	48.8	51.66	50.74	48.81	49.06	54.38	48.25	45.51	41.86	41.72	40.39
Incremental Operating Margin (%)	119.08	41.76	37.4	46.82	72.82	65.11	37.48	30.77	50.53	69.67	- -	- -	- -	40.05	3.32
Pretax Margin (%)	47.39	46.83	44.94	45.11	48.8	52.1	51.29	50.07	50.34	54.32	47.77	47.1	44.21	44.13	43.37
Profit Margin (%)	27.76	31.48	31.84	28.47	31.69	34.31	37.64	39.68	40.07	43.44	36.9	34.84	34.29	33.56	29.14
Net Income to Common Margin (%)	27.76	31.48	31.84	28.47	31.69	34.31	37.64	39.68	40.07	43.44	36.9	34.84	34.29	33.56	29.14
Effective Tax Rate (%)	39.29	30.87	36.09	36.89	35.07	34.15	26.6	20.74	20.4	20.03	22.77	26.03	22.44	23.95	32.72
Dvd Payout Ratio (%)	27.67	103.65	28.93	32	30.75	30.51	33.01	36.12	37.2	30.25	38.7	42.34	42.49	41.1	46.6
Sustainable Growth Rate (%)	12.62	-0.79	19.54	15.78	18.35	20.42	20.19	19.67	18.68	24.21	15.84	13.6	12.5	12.04	10.39

Credit (USD)

Credit Ratios API ChatGPT

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Total Debt	- -	- -	- -	- -	- -	- -	- -	- -	98	94	88	83	80	73	285
ST Debt	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
LT Debt	- -	- -	- -	- -	- -	- -	- -	- -	98	94	88	83	80	73	285
Total Debt/EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	0.35	0.22	0.22	0.21	0.2	0.17	0.67
Net Debt/EBITDA	-1.92	-1.32	-1.1	-1.24	-1.2	-0.81	-0.76	-1.05	-0.95	-1.1	-1.27	-1.09	-1.15	-1.29	-0.7
Total Debt/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	0.39	0.25	0.26	0.25	0.25	0.21	0.83
Net Debt/EBIT	-2.08	-1.44	-1.24	-1.43	-1.35	-0.89	-0.84	-1.16	-1.08	-1.23	-1.5	-1.32	-1.43	-1.6	-0.88
EBITDA to Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	365.64	472.07	562.9	197.39	263.17	286.52
EBITDA-CapEx/Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	352.5	451.29	544.13	192.69	256.96	281.01
EBIT to Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	328.13	400.52	466.97	158.86	212.91	229.88
Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	1	1	1	2	2	1
Common Equity/Total Assets	89.41	86.73	87.7	87.98	88.99	88.63	88.56	87.4	80.64	71.73	68.04	67.24	64.16	77.61	59.21
Long-Term Debt/Equity (%)	- -	- -	- -	- -	- -	- -	- -	- -	12.72	9.8	8.49	7.65	6.16	5.23	24.6
Long-Term Debt/Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	11.29	8.93	7.83	7.1	5.8	4.97	19.74
Long-Term Debt/Total Assets (%)	- -	- -	- -	- -	- -	- -	- -	- -	10.26	7.03	5.78	5.14	3.95	4.06	14.73
Total Debt/Equity (%)	- -	- -	- -	- -	- -	- -	- -	- -	12.72	9.8	8.49	7.65	6.16	5.23	24.6
Total Debt/Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	11.29	8.93	7.83	7.1	5.8	4.97	19.74
Total Debt/Total Assets (%)	- -	- -	- -	- -	- -	- -	- -	- -	10.26	7.03	5.78	5.14	3.95	4.06	14.73
Net Debt to Equity	-54.29	-53.11	-42.75	-50.54	-51.12	-35.95	-32.44	-40.52	-35.08	-48.25	-48.66	-39.84	-34.9	-39.21	-25.88
Net Debt/Capital (%)	-118.77	-113.27	-74.68	-102.2	-104.58	-56.12	-48.03	-68.13	-45.17	-78.4	-81.34	-58.76	-48.98	-59.39	-32.46
EBITDA	88	98	120	136	166	208	219	236	284	418	397	394	391	421	426
EBITDA-CapEx	81	92	105	131	162	201	207	200	271	403	380	381	382	411	418
Operating Income (Loss)	81	89	107	119	148	190	200	213	251	375	337	327	315	341	342

Liquidity (USD)

Liquidity Ratios API ChatGPT

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Cash Ratio	14.08	10.47	10.25	11.48	12.47	11.33	9.94	7.83	9.9	2.17	1.52	1.2	0.9	2.5	1.24
Current Ratio	16.14	12.27	12	13.14	14.6	13.34	11.69	9.01	11.47	4.03	3.05	2.76	2.31	4.41	2.77
Quick Ratio	16.14	12.27	12	13.14	14.6	13.34	11.69	9.01	11.47	3.8	2.7	2.4	2.03	3.81	2.4
CFO/Avg Current Liab	2.5	4.69	4.95	5.51	6.32	4.05	6.09	5.7	6.04	3.11	1	0.79	0.69	0.91	1.13
Common Equity/Total Assets	89.41	86.73	87.7	87.98	88.99	88.63	88.56	87.4	80.64	71.73	68.04	67.24	64.16	77.61	59.21
Long-Term Debt/Equity (%)	- -	- -	- -	- -	- -	- -	- -	- -	12.72	9.8	8.49	7.65	6.16	5.23	24.6
Long-Term Debt/Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	11.29	8.93	7.83	7.1	5.8	4.97	19.74
Long-Term Debt/Total Assets (%)	- -	- -	- -	- -	- -	- -	- -	- -	10.26	7.03	5.78	5.14	3.95	4.06	14.73
Total Debt/Equity (%)	- -	- -	- -	- -	- -	- -	- -	- -	12.72	9.8	8.49	7.65	6.16	5.23	24.6
Total Debt/Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	11.29	8.93	7.83	7.1	5.8	4.97	19.74
Total Debt/Total Assets (%)	- -	- -	- -	- -	- -	- -	- -	- -	10.26	7.03	5.78	5.14	3.95	4.06	14.73
CFO/Total Liabilities	176.88	219.76	208.69	240.72	257.63	149.51	252.82	255.44	143.87	107.47	57.67	54.92	46.22	96.18	49.2
CFO/CapEx	9.06	15.83	5.93	23.76	25.97	14.06	13.9	6.24	21.63	26.95	16.13	22.01	35.79	38.75	46.58
Altman's Z-Score	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	22.4	14.64	- -	- -	- -

Working Capital (USD)

Working Capital Ratios API ChatGPT

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Accounts Receivable Turnover	5.56	5.68	7.32	7.73	8.16	8.07	7.62	7.91	8.55	9.73	9.74	10.09	8.94	8.99	8.78
Days Sales Outstanding	65.68	64.28	49.84	47.22	44.73	45.23	47.92	46.16	42.67	37.5	37.46	36.16	40.81	40.58	41.59
Inventory Turnover	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Days Inventory Outstanding	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Accounts Payable Turnover	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Accounts Payable Turnover Days	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash Conversion Cycle	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Inventory to Cash Days	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Inventories	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Raw Materials	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Finished Goods	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Enterprise Value (USD)

Enterprise Value API ChatGPT

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Market Capitalization	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	15,682	10,158	- -	- -	- -
- Cash & Cash Equivalents	170	129	133	169	200	168	167	246	270	461	507	431	451	544	520
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	13
+ Total Debt	- -	- -	- -	- -	- -	- -	- -	- -	98	94	88	83	80	73	285
Enterprise Value	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	15,252	9,776	- -	- -	- -
Total Capital	312	243	310	334	391	468	515	608	868	1,049	1,130	1,164	1,373	1,461	1,443
Total Debt/Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	11.29	8.93	7.83	7.1	5.8	4.97	19.74
Total Debt / EV	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	0.01	0.01	- -	- -	- -
EV/Sales	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	21.82	13.61	- -	- -	- -
EV/EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	38.37	24.81	- -	- -	- -
EV/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	45.23	29.91	- -	- -	- -
EV/Cash Flow to Firm	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	53.94	33.74	- -	- -	- -
EV/Free Cash Flow to Firm	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	57.5	35.34	- -	- -	- -
Diluted Market Cap	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	15,755	10,156	- -	- -	- -
Diluted Enterprise Value	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	15,326	9,774	- -	- -	- -
EV per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	402.23	259.66	- -	- -	- -
TTM Sales	172	191	239	263	303	368	393	436	511	689	699	718	753	817	846
TTM EBITDA	88	98	120	136	166	208	219	236	284	418	397	394	391	421	426
TTM Operating Income	81	89	107	119	148	190	200	213	251	375	337	327	315	341	342
TTM Cash Flow to Firm	65	82	91	110	125	90	168	224	266	405	283	290	335	386	383
TTM Free Cash Flow to Firm	58	76	76	105	120	83	156	188	254	390	265	277	326	377	375

Multiples (USD)

Valuation Multiples API ChatGPT

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Price/Free Cash Flow	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	59.54	36.79	- -	- -	- -
EV/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	45.23	29.91	- -	- -	- -
Enterprise Value	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	15,252	9,776	- -	- -	- -
Low Price	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	347.05	251.99	- -	- -	- -
EV/Sales	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	21.82	13.61	- -	- -	- -
EV/EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	38.37	24.81	- -	- -	- -
Price/Earnings	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	60.15	40.4	- -	- -	- -
Price/Earnings Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	67.57	46.61	- -	- -	- -
Price/Earnings High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	86.34	60.25	- -	- -	- -
Price/Earnings Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	50.48	37.73	- -	- -	- -
Price/Book Value	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	15.06	9.4	- -	- -	- -
Price/Book Value Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	16.92	10.84	- -	- -	- -
Price/Book Value High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	21.62	14.01	- -	- -	- -
Price/Book Value Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	12.64	8.78	- -	- -	- -
Price/Tangible Book Value	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	20.36	12.26	- -	- -	- -
Price/Tangible Book Value Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	22.87	14.15	- -	- -	- -
Price/Tangible Book Value High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	29.23	18.29	- -	- -	- -
Price/Tangible Book Value Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	17.09	11.45	- -	- -	- -
Price/Sales	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	22.19	14.07	- -	- -	- -
Price/Sales Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	24.93	16.24	- -	- -	- -
Price/Sales High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	31.86	20.99	- -	- -	- -
Price/Sales Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	18.62	13.14	- -	- -	- -
Price/Cash Flow	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	54.99	34.95	- -	- -	- -
Price/Cash Flow Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	61.77	40.33	- -	- -	- -
Price/Cash Flow High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	78.93	52.12	- -	- -	- -
Price/Cash Flow Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	46.15	32.64	- -	- -	- -
Price/Free Cash Flow Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	66.89	42.44	- -	- -	- -
Price/Free Cash Flow High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	85.47	54.86	- -	- -	- -
Price/Free Cash Flow Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	49.97	34.36	- -	- -	- -
EV/Sales Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	24.59	15.78	- -	- -	- -
EV/Sales High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	31.59	20.56	- -	- -	- -
EV/Sales Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	18.21	12.68	- -	- -	- -
EV/EBITDA Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	43.24	28.77	- -	- -	- -
EV/EBITDA High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	55.55	37.47	- -	- -	- -
EV/EBITDA Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	32.03	23.11	- -	- -	- -
EV/EBIT Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	50.96	34.69	- -	- -	- -
EV/EBIT High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	65.47	45.17	- -	- -	- -
EV/EBIT Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	37.75	27.85	- -	- -	- -
Last Price	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	413.55	269.81	- -	- -	- -
High Price	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	593.63	402.35	- -	- -	- -
Enterprise Value Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	17,186	11,338	- -	- -	- -
Enterprise Value High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	22,080	14,766	- -	- -	- -
Enterprise Value Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	12,730	9,105	- -	- -	- -

Per Share Data Items (USD)

Per-Share Data API ChatGPT

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Shares Outstanding	39	40	38	37	37	38	38	38	38	38	38	38	38	38	36
Diluted Weighted Avg Shares	40	38	38	38	38	38	38	38	38	38	38	38	38	38	37
Basic Weighted Avg Shares	37	37	37	37	37	37	37	37	37	37	38	37	38	38	37
Revenue per Share	4.64	5.23	6.47	7.12	8.26	9.98	10.67	11.79	13.79	18.45	18.63	19.17	20.04	21.73	22.84
EBITDA per Share	2.38	2.67	3.26	3.68	4.54	5.64	5.94	6.38	7.65	11.18	10.6	10.52	10.43	11.21	11.5
Operating Income per Share	2.2	2.45	2.91	3.21	4.03	5.16	5.41	5.75	6.77	10.03	8.99	8.72	8.39	9.07	9.22
Basic EPS, GAAP	1.29	1.65	2.06	2.03	2.62	3.42	4.02	4.68	5.53	8.01	6.88	6.68	6.87	7.29	6.66
Basic EPS from Cont Ops	1.34	1.69	1.86	2.03	2.62	3.42	4.02	4.68	5.53	8.01	6.88	6.68	6.87	7.29	6.66
Diluted EPS, GAAP	1.2	1.59	2.01	1.97	2.55	3.34	3.89	4.57	5.4	7.85	6.77	6.65	6.85	7.28	6.64
Diluted EPS from Cont Ops	1.25	1.63	1.81	1.97	2.55	3.34	3.89	4.57	5.4	7.85	6.77	6.65	6.85	7.28	6.65
Dividend per Share	0.37	1.75	0.54	0.65	0.8	1.04	1.33	1.69	2.06	2.42	2.66	2.83	2.92	3	3.11
Cash Flow per Share	1.77	2.23	2.46	2.98	3.39	2.44	4.56	6.06	7.17	10.83	7.52	7.72	8.89	10.25	10.31
Free Cash Flow per Basic Share	1.57	2.09	2.05	2.85	3.26	2.26	4.23	5.09	6.84	10.43	7.05	7.37	8.64	9.98	10.09
Cash & Equivalents per Share	6.39	4.5	5.31	6.26	6.35	7.63	7.91	10.11	10.31	12.61	13.66	12.34	13.78	17.25	14.53
Book Value per Share	8.06	6.07	8.23	8.96	10.44	12.47	13.68	16.15	20.3	25.13	27.46	28.72	34.12	36.89	32.02
Tangible Book Value per Share	7.17	5.24	6.41	7.18	8.73	10.78	12.01	14.48	14.82	18.74	20.31	22	24.73	27.99	21